Guyana: 2018 Article IV Consultation-Press Release and Staff Report

International Monetary Fund

No 2018/220, IMF Staff Country Reports from International Monetary Fund

Abstract: Economic growth slowed down, but became more broad-based. In 2017, real GDP growth was 2.1 percent, with the non-mining GDP rebounding from its contraction in 2016. The external balance turned negative due to weaker than expected export growth and higher oil prices. Inflation remains relatively low, and the monetary stance accommodative. Oil production is expected to commence in 2020, and additional oil discoveries have significantly improved the medium- and long-term outlook.

Keywords: ISCR; CR; center; Guyana; U.S. dollar; financing needs; executive board assessment; core inflation; central bank financing; GDP ratio; IDA portfolio; Oil; gas and mining taxes; Oil production; Caribbean; Global (search for similar items in EconPapers)
Pages: 91
Date: 2018-07-16
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